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Economic Definition Of A Recession Recent Stories and News Recession, bank run talk: Spain's woes grow Spain's borrowing costs shoot up, after the country falls back into recession. Read more... Spain beset by bank crisis, recession, bond pressure MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession and a report of an outflow of deposits from nationalized Bankia hammered its share price. Madrid approved plans by the country's heavily-indebted autonomous regions to make budget cuts worth 18 billion euros this year, and a government source said ... Read more... Moody's downgrades 26 Italian banks Credit rating agency says move prompted by economic recession and government austerity measures that have hurt demand. Read more... Spain back in recession Economic data has confirmed Spain is back in recession. Read more... Economic Report: Home-builder sentiment at best since recession Home builder sentiment improved in May to the highest reading since the recession on an upturn in sales and traffic, a trade group said Tuesday. Read more...